Letlole targets P800m portfolio by 2016

Cresta hotel is one of Letlole La Rona's properties
Cresta hotel is one of Letlole La Rona's properties

Botswana Stock Exchange (BSE) listed property concern, Letlole La Rona says the ongoing expansion of one of its industrial properties in Gaborone West is one of the avenues the company is taking to double its property portfolio to about P800 million by 2016.

Presenting the company’s results last week for the six months period ended December 2013, Letlole La Rona acting CEO, Sethebe Manake said the company continues to seek more investment opportunities with expansion of an industrial property well underway and almost complete. 

“The expansion of the industrial property in Gaborone West Industrial is nearing completion with 80 percent of the project completed. The project is anticipated to be done in April 2014,” said Manake.

Editor's Comment
Fighting GBV is for us all

Despite legislative reforms and various initiatives aimed at curbing Gender-Based Violence (GBV), the situation remains dire. It is imperative that all stakeholders; government, civil society, communities, and individuals join forces to combat this issue and protect the rights and safety of women and girls.Recent statistics from the Botswana Police Service reveal a deeply troubling trend, with 60 rape cases recorded during the festive period....

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